ME News reports that on July 30 (UTC+8), a court in Moscow, Russia, has placed Igor Runets, founder of the crypto mining company BitRiver, into pre-trial detention, where he will be held for at least two months. Previously, Foresight News reported that the Arbitration Court of Sverdlovsk Oblast, Russia, had initiated bankruptcy observation proceedings against Fox Group, which holds 98% of BitRiver’s shares. The debt stems from a equipment supply contract worth approximately 700 million rubles, after BitRiver failed to deliver the equipment despite receiving an advance payment. Its founder and CEO, Igor Runets, has been under house arrest on suspicion of tax evasion. (Source: Foresight News)
BitRiver founder Igor Runets moved to pre-trial detention in Russia
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Summary
On July 30 (UTC+8), a Moscow court transferred BitRiver founder Igor Runets from house arrest to pre-trial detention. Runets is facing charges of tax evasion. The Sverdlovsk Arbitration Court has also initiated bankruptcy proceedings against Fox Group, which owns 98% of BitRiver, over a 700 million ruble dispute concerning an equipment contract. BitRiver failed to deliver the goods after receiving advance payment. The case has attracted attention amid global regulatory initiatives such as MiCA and CFT measures.
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